Ethena Labs announces its ENA Governance token airdrop, distributing 750 million tokens, or 5% of its total supply, aiming for broader governance engagement. The project’s synthetic dollar stablecoin, USDe, offers a 35% APY, backed by notable investors and exchanges.
The introduction of BlobScriptions challenges Ethereum’s blob technology, driving gas fees for blobs significantly higher. Despite the initial benefits to rollups from the Decun upgrade, the surge in dummy data postings may impact network performance and L2 fees.
Stellar's long-awaited Soroban smart contracts go live, marking a significant upgrade to the blockchain's capabilities. The Stellar Development Foundation commits $100 million to bolster Soroban's development and attract more developers.
With meme-coins achieving market caps into the billions, the meme-coin market’s expansion is undeniable. Now large meme-coins are evolving beyond their origins, exploring utility and partnerships that could redefine their roles in the crypto ecosystem.
The growth in Chainlink’s TVS, now at about $25 billion, highlights the vibrant activity in the DeFi sector, particularly on Ethereum. Additionally, the significant increase in TVS on Arbitrum, reaching nearly $2.5 billion, showcases its rapid development as a Layer 2 solution.
With the impending Bitcoin halving set to reduce block rewards to 3.125 BTC, miners are investing heavily in new equipment and exploring low-cost regions for operations.
Vitalik Buterin wants to reduce the centralization risks associated with large staking operators like Lido. The new framework proposes a two-tiered model, distinguishing between Service Operators and Delegators, and between heavy and light services.
Solana’s meme-coin frenzy leads to SOL’s price surpassing $200 and on-chain trading volumes reaching a new high of nearly $4 billion. Concurrently, the network sees over $100 million raised through meme-coin presales in just three days.
